Actuant (ATU) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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Actuant (NYSE:ATU) released its quarterly earnings data on Thursday. The industrial products company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02, MarketWatch Earnings reports. Actuant had a negative net margin of 3.74% and a positive return on equity of 12.58%. The company had revenue of $271.90 million during the quarter, compared to analyst estimates of $274.44 million. During the same period last year, the business earned $0.13 earnings per share. Actuant’s revenue was down 1.2% compared to the same quarter last year. Actuant updated its Q3 guidance to $0.40-0.45 EPS and its FY19 guidance to $1.09-1.20 EPS.

Shares of NYSE ATU traded down $0.39 during mid-day trading on Friday, hitting $23.77. The stock had a trading volume of 7,157 shares, compared to its average volume of 214,840. The company has a quick ratio of 1.66, a current ratio of 2.13 and a debt-to-equity ratio of 0.92. Actuant has a 1 year low of $19.07 and a 1 year high of $31.00. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.66 and a beta of 1.64.

In related news, VP Roger Roundhouse sold 10,266 shares of Actuant stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $22.59, for a total value of $231,908.94. Following the transaction, the vice president now directly owns 70,476 shares of the company’s stock, valued at $1,592,052.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by insiders.

Several brokerages have issued reports on ATU. Zacks Investment Research lowered shares of Actuant from a “hold” rating to a “sell” rating in a research report on Monday, December 3rd. BMO Capital Markets reiterated a “hold” rating and set a $21.00 target price on shares of Actuant in a research report on Monday, January 28th. Maxim Group reiterated a “positive” rating on shares of Actuant in a research report on Thursday. Wells Fargo & Co dropped their target price on shares of Actuant from $27.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, December 21st. Finally, KeyCorp dropped their target price on shares of Actuant from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, December 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Actuant presently has an average rating of “Hold” and an average target price of $25.11.

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Actuant Company Profile

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

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Earnings History for Actuant (NYSE:ATU)

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